Abstract
Human beings live to get happiness, livelihood, peace, security, safety, dignity and respect among others. Deprivation of any of these could be frustrating. Thus, attempts were made to determine multidimensional poverty index (MPI) of rural households and its decomposition by geo-political zones in Nigeria using the Alkire-Foster MPI approach. The result showed that the headcount poverty ratio H was 78.1% when K = 30 as compared to 58.8% for K = 40 and 23.6% for K = 60. The adjusted headcount ratio also suggested that 41% of the households were poor at K=30, whereas 34.2 and 16.7% of the households were considered poor for K=40 and K=60, respectively. The intensity of poverty from the result showed that the share of dimensions in which the poor were deprived increased with K, while the MPI of the households was decreasing with K. The result further revealed that living conditions contributed the largest value (59.9%) to the multidimensional poor, followed by education (14.3%), health (13.4%) and assets (12.4%). Therefore, the living condition and education of households should be prioritized in targeting poverty as it contributes largely to MPI across all the geopolitical zones in the country. Key words: Asset, multidimensional poverty, Nigeria, rural, wellbeing.
Highlights
The most dehumanizing aspect of life in the entire world is poverty
Households‟ food expenditure data were extracted from the Wave 2 of the Nigerian General Household Survey (GHS) – Panel 2012/13 conducted by the National Bureau of Statistics (NBS) in collaboration with the World Bank Living Standards Measurement Study (LSMS) team, with funding support from the Bill and Melinda Gates Foundation
The adjusted headcount ratio suggested that 41% of the households were poor when K=0.3, and that 34.2 and 16.7% were poor for K = 0.4 and k = 0.6, respectively
Summary
The most dehumanizing aspect of life in the entire world is poverty. This assertion is based on the fact that poor people lack basic necessities of life (food, shelter, clothing and medications). According to Gbosi (2001), poverty is a condition of destitution and want; a state in which people cannot meet their fundamental needs to live, such as social amenities and economic structure needed for their sustenance.
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